Lebanese president boycotts budget and delays new exchange rate

A dollar currently fetches around 38,000 Lira on the black market

‘It won’t happen overnight’: Lebanese PM on new official exchange rate

Lebanese authorities are looking to close the gap between the 'official' exchange rate and the widely used black market rate in order to receive an IMF loan

Lebanon to slash official exchange rate

In addition to official and parallel market exchange rates, people have struggled with unfavorable rates for the withdrawal of Lebanese pounds

Iraqi police raid exchange companies to regulate market rates

The Iraqi dinar has been on a downward slope since the US Treasury started tightening sanctions against Iran

Iran, Indonesia boost trade, look to promote ‘exchange in national currencies’

Lately, Iran and a number of countries have discussed shifting trade into local currency, coinciding with a global de-dollarization trend

MbS welcomes Abbas, reiterates support for Arab Peace Initiative

Israeli Prime Minister Benjamin Netanyahu expressed his hope in February to normalize relations with Saudi Arabia in the context of the Abraham Accords

Several dead after Armenia, Azerbaijan exchange fire

Seven soldiers were killed during the armed clashes, with each side blaming the other for the provocation

Yemeni prisoner exchange deal reached

The deal, which will release hundreds of prisoners held by Saudi and Ansarallah forces, comes amid broader efforts to end the horrific seven year war

Azerbaijan gives Israel ‘access to Iran’ as part of strategic alliance: Report

As part of this alliance, Azerbaijan receives the most advanced military hardware from Israel and allows the Mossad to establish a presence near the Iranian border

Russia MOEX exchange begins trading in Turkish lira

The MOEX Russia Index is the main ruble-denominated benchmark of the Russian stock market

Iraqi PM inks strategic agreements with French president

Baghdad has over recent months been working to stop western energy conglomerates from exiting the country

Saudi Arabia “infiltrates” Wikipedia to control online narratives: Report

Over the years, the kingdom has been deploying aggressive online tactics in order to sway opinion in its favor

Chinese leader urges GCC nations to adopt yuan, Shanghai exchange for oil and gas trade

Xi Jinping called China and Gulf nations 'natural partners' and urged regional leaders to be partners in promoting unity, development, and security

Qatar dangles aid in front of Lebanon in exchange for naming army chief as president: Report

Doha has joined Saudi Arabia, France, and the US in supporting General Joseph Aoun for president of the cash-strapped nation

Saudi-led coalition obstructs prisoner exchange with Sanaa: Yemeni official

According to Yemeni officials, the prisoners swap deal has come to a halt despite a previous agreement to exchange 2,200 prisoners between Houthi forces and the Saudi-led coalition

Pakistani forces, Taliban exchange fire on shared border

Pakistani troops attempted to erect a military structure on the shared border with Afghanistan, a move deemed illegal by the Afghan government

Qatar asks local banks to stop currency exchange deals abroad: Report

Last year, KSA, the UAE, Bahrain, and Egypt ended a dispute with Doha over allegations that it supports Islamic militants in the region

Palestinian fighters exchange fire with Israeli forces in West Bank

Palestinians have stepped up their acts of resistance against Israeli forces in the West Bank in recent months

World Bank calls Lebanon’s economic crisis ‘deliberate’, blames elites of ‘finance Ponzi scheme’

The World Bank blames Lebanon's politicians for 'cruel' practices that saw the country accumulate debt 'beyond fiscal needs'

Discontent grows on the streets of Lebanon as crisis deteriorates

Lebanon has been weathering what the World Bank describes as the worst economic crisis in 150 years, a situation fueled by rampant corruption among the political and financial elite

Iran Central Bank and Tehran Stock Exchange launch trade in Russian rubles

Earlier this week, Moscow expressed interest in dropping the US dollar for their bilateral trade with Iran

Iraq and Turkey exchange blame over water scarcity

According to the chairman of the Water Resources Committee in the Iraqi parliament, Turkey's plan to build a dam on the Tigris river is "extremely threatening"

Israel approves transfer of strategic Red Sea islands to Saudi Arabia

Under the 1979 Egypt–Israel peace treaty, Egypt took control of Tiran and Sanafir as the sides agreed to demilitarize the islands

Turkey to press forward with interest rate cuts as currency tumbles

President Erdogan has blamed high inflation partially on citizens keeping their savings in foreign currency

Lebanon unemployment rate triples: Survey

A UN agency said the informal economy accounted for around 30 percent of employment

Iran’s judiciary dismisses prisoner exchange with Sweden

Tehran has accused Stockholm of harboring the anti-Iran SLMA armed group

Annual inflation rate of Lebanon sees triple digit increase

Inflation has severely affected the average citizen, with Lebanon now facing looming food shortages

Turkey keeps interest rate unchanged for second month in a row

Rising prices and high inflation have affected political support for the Turkish President ahead of next year's elections

Will Yemen test the limits of Israel–UAE strategic synergy?

The extent and limitations of a UAE geopolitical response to Ansarallah attacks will be the Abraham Accords' real litmus test for Israel's Iran war hawks

Family gunned down in Syria’s Deraa governorate in presumed targeted killing

A young child is reportedly among the victims of an attack against an advocate of truce and reconciliation agreements with the Syrian government